grand forks

So employment data in North Dakota occupied most of my thoughts over the last week or so. I thought it time to take a quick look at earnings data from the Bureau of Economic Analysis. Quite often I hear people mention the concept of diversification with a local economy as if it represents a buffer against downturns. I am still thinking about; I am not sure I buy it either in part or in whole. That will need to wait for another day.

Continue reading Oil & Earnings in Grand Forks

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What is the likely effect of oil price declines on the Grand Forks regional economy? This is a question I get quite often right now, and it is difficult to answer. While I investigate I thought we could look at the employment situation in Grand Forks county over the last several years. There are a couple of interesting things to consider. First, let’s consider the percent change, year-over-year, in Grand Forks county employment.

Continue reading Grand Forks and Oil: First Iterations

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Pretty much anytime I give a talk or go on to KNOX radio I get questions about the pace of apartment building in Grand Forks. People believe fundamentals do not justify the extent to which construction currently occurs. I generally agree and think there are a few reasons behind it. This article from theĀ Wall Street Journal seems to indicate the local circumstances may just be part of a larger national trend.

Continue reading Apartment Building & Grand Forks

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